December 2012 Housing Market Outlook for Next Year
It appears that the Housing Market for 2013 will continue the gains that have been made so far this year. Some of the highlights for next year include:
Mortgage Rates are expected to remain near record low levels for the first half of 2013 and then gradually increasing slightly in the second half of the year.
Property Values to contnue to strengthen with values increasing nearly two to three percent over the year.
Increase in Household formation throughout the year with corresponding increases in new construction to meet increased Housing Demand.
Thus, in conclusion, 2013 is setting up to be another steadily improving year in the Housing Market!
